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We often talk about the reasons that employees leave an organization. Well, it’s equally important to talk about the reasons that they stay. I saw an article from the Thunderbird School of Management at Arizona State University that said the number one reason that employees stay with a company is competitive compensation and benefits.
When I think competitive compensation and benefits (i.e. total rewards), I think of a plan that is both internally equitable and externally competitive. Organizations should regularly review their total rewards programs to ensure that they are accomplishing their objectives. Here are a